Intesa Sanpaolo at Week 8: 2 targets hit, lightening window open

Intesa Sanpaolo is at week 8 of a buy trade. 2 of the 3 targets of our most advanced model have already been hit, and the 2nd statistical management window — suggesting a further 20% reduction of the position — is open this week. The technical picture, however, carries weakness signals: contracting volumes, sellers extremely dominant in the last bar. Discipline calls for active management, not adding exposure.